Title 51A, BANKS AND BANKING

A licensee shall employ software that analyzes data from publicly accessible distributed ledgers and traces addresses capable of sending or receiving virtual currency to identify risk indicators, including any address used to access or transfer virtual currency for fraudulent or …

For each virtual currency transaction at a licensee's virtual currency kiosk, the licensee shall verify the identity of a user prior to accepting payment from the user. The licensee shall: (1) Obtain a copy of a government-issued identification card that identifies the user; and …

On an annual basis, a licensee shall provide external virtual currency kiosk staff with training materials that describe ways users may be exploited in virtual currency transactions involving kiosks, including indicators that a user may be the victim of fraud. The licensee may no…

Any operator of a virtual currency kiosk in this state must be licensed pursuant to chapter 51A-17 . The provisions of this chapter are in addition to those in chapter 51A-17 . Source: SL 2026, ch 193 , § 2.

In addition to the requirements of § 51A-17-70 , the renewal report of a licensee must contain: (1) The number, dollar amount of, and gross revenue attributable to, virtual currency transactions conducted via each of the licensee's virtual currency kiosks located in this state; (…

In addition to the requirements of § 51A-17-84 , the report of condition submitted by a licensee must contain: (1) The licensee's legal name and any fictitious or trade name; (2) The licensee's physical address and the location of each virtual currency kiosk being operated in thi…

For each virtual currency transaction at a licensee's virtual currency kiosk, the licensee shall provide a user with a receipt that: (1) Complies with the requirements of § 51A-17-96 ; (2) Is available to the user both electronically and in paper form; and (3) Contains: (a) A des…

For each virtual currency transaction at a licensee's virtual currency kiosk, the licensee shall provide a user a disclosure that: (1) Is written in a clear, conspicuous, and easily readable manner; (2) Is in the chosen language of the user; (3) Describes the material risks assoc…

A licensee shall issue a full refund to any user that: (1) Is the victim of a fraudulent virtual currency transaction involving a virtual currency kiosk operated by the licensee; (2) Within ninety days after the last occurrence of fraud or of becoming aware of the fraud, informs …

A licensee shall establish: (1) A daily transaction limit not exceeding one thousand dollars, or the equivalent in virtual currency, for any user; and (2) A thirty-day virtual currency transaction limit not exceeding ten thousand dollars, or the equivalent in virtual currency, fo…

A licensee may not collect charges from a user related to a single virtual currency transaction, whether directly or indirectly, exceeding twenty-five percent of the amount of the transaction. Source: SL 2026, ch 193 , § 9.